Understory, Inc.

Understory is an insurtech company helping protect businesses and livelihoods from the growing financial impact of severe weather. The company is addressing the climate coverage gap with insurance products built on advanced weather risk modeling and real-time, ground-based weather data.

At the core of Understory's technology is a global weather risk model powered by a network of ground-based Dot weather sensors. These sensors provide highly accurate measurements of severe weather conditions, enabling Understory to assess and price weather-related risks with greater precision than traditional approaches.

When severe weather occurs, Understory's technology can detect the event and trigger insurance payouts without the lengthy claims processes typically associated with traditional insurance. This parametric approach helps capital reach customers quickly after a weather event, providing financial protection for assets and industries ranging from automobiles to agriculture and the global food supply.

Founded in 2012 and headquartered in Madison, Wisconsin, Understory has raised $24.5 million and analyzed more than 600 storms. The company operates with a team across North America and Europe and is focused on developing insurance solutions for risks that have historically been difficult or uneconomical to cover.

By combining real-time weather intelligence, proprietary technology, and innovative insurance products, Understory is working to make severe weather protection more accessible, responsive, and effective in an increasingly volatile climate.